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Purdue lands $50M donation for new business school

February 13, 2023 | Alex Brown, Inside INdiana Business

The Dean and Barbara White Family Foundation has committed $50 million for the undergraduate institute at the Mitchell E. Daniels Jr. School of Business at Purdue University, the school announced Monday.

Taco eatery Agave & Rye set to open this month at CityWay

February 13, 2023 | IBJ Staff

Founded in Covington, Kentucky, in 2018, Agave & Rye Tequila and Bourbon Hall has quickly grown to 14 locations in five states. The Indianapolis restaurant will be its second in Indiana.

Tesla to open up a portion of its charging network to all EVs

February 15, 2023 | Bloomberg News

The aim is to give EV owners more freedom to travel, and it will include at least 3,500 of Tesla’s Supercharger stations—which tend to be near highways—as well as its slower Level 2 “destination chargers” at locations such as hotels and restaurants.

Fishers selects manager for planned $170M event center

February 17, 2023 | Mickey Shuey

ASM Global, a Los Angeles-based facility management company, has agreed to terms with Fishers officials to oversee day-to-day operations for the the venue and event-attraction efforts.

Keystone unveils renderings for $1B Eleven Park; demolition to start in May

February 17, 2023 | Mickey Shuey

The developer plans to put a 20,000-seat soccer stadium for the Indy Eleven right along the White River, which is on the western edge of the former Diamond Chain manufacturing site.

Rebounding visitor stats generate optimism in hospitality industry

February 17, 2023 | Dave Lindquist

If downtown’s pandemic recovery had a report card, its tourism grade would be a B. And that’s not a subjective assessment. It’s based on newly released 2022 convention and tourism data.

Tale of two downtowns: $9B set to be invested in projects, even as business district struggles with recovery

February 17, 2023 | John Russell and Mickey Shuey

Many parts of downtown are thriving—particularly neighborhoods, where rents are rising, people have to stand in line for a lunch table, and investments are flowing. Other parts—especially downtown’s central core, where many workers might come to the office only once or twice a week—are limping along, pockmarked by vacant storefronts, panhandlers and crumbling sidewalks.

Apartment growth supports surge in downtown Indianapolis living

February 17, 2023 | Daniel Bradley

Nearly 29,000 residents now live downtown, up from about 15,000 in 2010. It’s a number that has been growing as developers continue to add apartment and condo units in the Mile Square and downtown neighborhoods.

For many Indy law firms, downtown remains where it’s at

February 17, 2023 | Susan Orr

Downtown law firms say they have good reasons to remain in the heart of the city—from logistical concerns to the desire for a central location to the prestige factor they associate with a downtown address.

Joe Hogsett: Downtown is a place to live, work, play—in equal amounts

February 17, 2023 | Joe Hogsett

We have begun transforming underutilized city-owned properties into mixed-use residential hubs. That added housing comes alongside other major residential projects and will be surrounded by infrastructure that improves mobility for residents with or without a car.

Indy Eleven owner still interested in MLS as part of stadium project

February 20, 2023 | Mickey Shuey

For years, Ersal Ozdemir has pursued a Major League Soccer expansion franchise, but each time the league has rejected his overtures, in part because the team has lacked its own venue,

Indy Fuel’s planned move to Fishers has been longtime dream for owner

February 24, 2023 | Mickey Shuey

The announcement last fall that the Indy Fuel minor league hockey team would move to Fishers and be the anchor tenant for an 8,500-seat arena was the culmination of two decades of vision and work by the team’s founder Jim Hallett.

Speedway considering gap loan for $35M Wilshaw hotel project

February 24, 2023 | Mickey Shuey

The upscale hotel project across from Indianapolis Motor Speedway has gone through numerous delays since being announced in 2015. A new developer took over in late 2021 but has yet to restart construction.

US economy sending mixed signals: Here’s what it all means

March 1, 2023 | Associated Press

Here’s a closer look at the economy’s vital signs at a perplexing time of high interest rates, still-punishing inflation and surprisingly strong economic gains.

COVID-related business closures not ‘physical loss’ under insurance policy, appeals court affirms

March 3, 2023 | Alexa Shrake, Indiana Lawyer

Continuing a trend in Indiana courts, the 7th Circuit Court of Appeals has once again ruled that COVID-related business closures do not qualify as “physical losses” eligible for insurance coverage.

Amazon pauses construction on 2nd phase of HQ2 campus in Virginia

March 3, 2023 | Associated Press

The company has already hired more than 8,000 employees in the Arlington, Virginia, area and will welcome them to Met Park campus, the first phase of development, when it opens this June.

Gahl: Indy ‘always on audition’ to host NFL Scouting Combine

March 6, 2023 | Alex Brown, Inside INdiana Business

Indianapolis is set to host the annual NFL Scouting Combine again next year, but other cities are turning up the pressure to host it in future years, according to Visit Indy Chief Marketing Officer Chris Gahl.

Powell: Rate hikes could accelerate if economy stays strong

March 7, 2023 | Associated Press

Most economists and Wall Street investors had expected the Fed to carry out another quarter-point increase when it next meets March 21-22. But in recent days, traders have been pricing in a greater likelihood of a half-point increase.

Fed’s Powell signals increased rate hikes if economy stays strong

March 8, 2023 | Associated Press

Jerome Powell’s comments reflect a sharp change in the economic outlook since the Fed’s most recent policy meeting in early February.

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